Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612975
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹24,13,000
EMD:₹2,41,300
Bid Increment:₹10,000
Auction Time:12:00 Noon to 3.00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features the plant and machinery of M/s. Yug Yarn Pvt. Ltd., located in Olpad, Surat, Gujarat. The assets are categorized as scrap, plant, and machinery. This is a SARFAESI auction conducted by The Nasik Merchants Co-op Bank Ltd. The property comprises industrial equipment and machinery, suitable for various manufacturing or processing needs. Detailed inventory and condition reports are available upon request.
State:Gujarat
City:Surat
Area:Olpad
Asset Category:Scrap, Plant & Machinery
Full Address:Plot No. 28A on the bearing block No. 792 situated at Mauje Village Kursad, Sub District Taluka-Olpad, Dist. Surat., Olpad, Surat
Size:620 Sq. mtrs
Auction Description
The Nasik Merchants Co-op Bank Ltd is holding a SARFAESI auction for the plant and machinery of M/s. Yug Yarn Pvt. Ltd. in Olpad, Surat, Gujarat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price is set at ₹24,13,000, with an Earnest Money Deposit (EMD) of ₹2,41,300 required to participate. This is a prime opportunity to acquire industrial assets at a competitive auction price.
Borrower Name:M/s. Yug Yarn Pvt. Ltd.
Auction Type:SARFAESI Auction
Guarantor Names:Dhanani Shantiben Kantilal, Dobariya Kantilal Muljibhai, Findoriya Dineshbhai Govindbhai
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The machinery's location in Olpad, Surat, suggests potential industrial value. However, the limited details available warrant a 'Calculated Opportunity' rating. Bidders should conduct thorough due diligence before participating in the auction, considering the price and auction terms.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
